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Friday Brief Archive

2020

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Friday Brief

Good morning and welcome to this week’s Friday Brief.

We’re in party conference season and the MTA has been representing our members at both Labour and Conservative events. Read the MTA’s Head of External Affairs take on proceedings in the story bellow. Understanding what is going on in the manufacturing economy in real-time is a vital tool in our kit when talking to opinion formers. That’s why the Business Survey is so important to us – so please take a few minutes to fill it in below.

The Talent Retention Solution, is a free-of-charge online tool that helps companies to recruit Engineers. MTA has been a supporter of the scheme ever since its inception and it has helped place thousands of engineers into new roles within the industry. If you’re looking for talent to bring into your business, we’d recommend taking a look at the story below and considering TRS for your employee search.

Staying with recruitment, a new post has just been published on the ESFA Digital blog “New feedback feature for the Apprenticeship Service”, take a look and see if you can contribute some feedback too.

We have a short Questionnaire on the Machinery Directive, cybersecurity and AI that we would like members to contribute too. The aim of the questionnaire is to allow us to develop a common position on some issues (e.g. how to deal with cybersecurity at a European level) and gather some relevant examples we could use when discussing the review of the Directive with the Commission.

Lloyds Bank this week announced that it is investing a further £5 million to fund its sponsorship of the Advanced Manufacturing Training Centre (AMTC), doubling its original commitment and bringing total funding to £10 million over 10 years. We’d like to pay tribute to the manufacturing team at Lloyds who have supported this fantastic Centre and made manufacturing career opportunities open to some brilliant young people.

The main economic headlines this week were from the PMI data which showed an acceleration in activity for the UK manufacturing sector, but a further deceleration for the Euro-zone;  these terms are chosen carefully as the levels of both the UK and the Euro-zone PMI are still well into positive territory which indicates that manufacturing activity is still growing.  There was a mix of trends elsewhere in the world with the main news probably the return to growth in South Korea for the first time since February (at 51.3) balanced somewhat by a very low PMI reading (42.7) for Turkey.  Publication of the UK National Accounts showed a downward revision to the annualised rate of growth for the UK economy as a result of slower growth at the start of 2018 - the Q2 figure was unchanged at +0.4%, but the annualised rate was down to +1.2%.  Alongside this, we have the detailed investment figures that show that total manufacturing capital spending and the sub-set for Engineering industries were lower than both the previous quarter and the equivalent quarter in 2017, although in both cases the 4-quarter rolling trend was positive.  The CBI Industrial Trends Survey and the European Commission’s Economic Sentiment Index both point to a slow-down in the period to September, although both series are still in a healthy position in historical terms.  The US market for manufacturing technology and for cutting tools continues to grow at a strong pace.  Finally this month, we have the latest data set for the Contract Price Adjustment Service (CPA) from BEAMA that we subscribe to on behalf of MTA members.

That’s all for this week, we’ll be back next Friday with more industry news, until then have a great weekend from everyone at the MTA.

Questionnaire on Machinery Directive, cybersecurity and AI

Questionnaire on Machinery Directive, cybersecurity and AI

During the teleconference organised by CECIMO at the beginning of September to discuss the follow-up to the meeting with the European Commission on the review of the Machinery Directive, it was agreed to develop a questionnaire that could be used by national associations to gather feedback from companies. As mentioned in the report of the meeting the Commission still needs to be convinced that the Directive is fit for future developments linked to new technologies such as artificial intelligence or digitization.

WORLD TRADE SUMMIT 2018: ROADMAP TO SUCCESS

WORLD TRADE SUMMIT 2018: ROADMAP TO SUCCESS

Thursday 1st November, 1.30pm - 6.40pm

Followed by drinks reception & networking

In an ever changing business environment the Institute is endeavouring to bring the skills agenda to the fore by engaging with business and government in shaping the future of international trade. By providing informed debate and ensuring that exporters’ voices are heard, large or small, our annual World Trade Summit focuses on where next and the great things that are already happening.

LLOYDS BANK PLEDGES £5M IN EXTRA FUNDING TO PLUG THE SKILLS GAP IN THE MANUFACTURING SECTOR

LLOYDS BANK PLEDGES £5M IN EXTRA FUNDING TO PLUG THE SKILLS GAP IN THE MANUFACTURING SECTOR

• Manufacturing and engineering sector to benefit from the extended sponsorship of Advanced Manufacturing Training Centre (AMTC) by Lloyds Bank

• Lloyds Bank doubles financial investment to £10 million over 10 years

• Lloyds Bank to support training and upskilling of 3,500 manufacturing graduates, apprentices and engineers by 2024

Lloyds Bank this week announces it is investing a further £5 million to fund its sponsorship of the Advanced Manufacturing Training Centre (AMTC), doubling its original commitment and bringing total funding to £10 million over 10 years.

Party Conferences and Brexit

Party Conferences and Brexit

The last two weeks have seen the two largest UK political parties hold their annual conferences. Labour were in Liverpool and the Conservatives in Birmingham.

Liverpool saw the Labour Party’s turn to the left completed as the Party put on a remarkably united front – given the internecine strife that runs through the Party at Westminster. That is because the party in the county as a whole is fully behind the leadership – indeed many (re)joined solely to vote for him and the policy platform the party is building.

A new post, “New feedback feature for the Apprenticeship Service” has just been published on the ESFA Digital blog

A new post, “New feedback feature for the Apprenticeship Service” has just been published on the ESFA Digital blog

A new post, “New feedback feature for the Apprenticeship Service” has just been published on the ESFA Digital blog.

Product manager Paul Kelman tells us about a new apprenticeship feedback service designed to help employers share views on training providers. We’re developing an exciting new feature so that users can give feedback on aspects of their apprenticeship programmes. Initially …

MTA Business Survey

MTA Business Survey

The MTA Business Survey for September has been running since the start of the week;  this is one of our slightly longer quarterly surveys, but we hope that this won’t put you off from taking part.  The on-line form available at www.mta.org.uk/mta-business-survey-sep18.   We hope that as many MTA members as possible will take part in this survey as it provides a valuable counter-point to official data and other wider surveys - we look forward to hearing from you.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, September 2018:  The UK manufacturing Purchasing Managers Index (PMI) picked up in September and it continues to show a steady, but modest expansion in activity in the sector.  Both output and new orders accelerated compared to August and, in particular, IHS Markit (who compile the data) note that there was a stronger rate of increase for both the investment and intermediate goods sub-sectors.  Both domestic and export orders improved as did employment, although here it was growth at SME’s outweighing cuts at large manufacturing companies.